Company X has a bond outstanding with four years to maturity…

Company X has a bond outstanding with four years to maturity and an annual coupon rate of 5%.  If the yield to maturity (market rate of interest) is 3%, what is the price of the bond?  The face value of the bond is $1,000.  [Note: Do not type your answer in Canvas] [8 points]

From Question 7, After you have accumulated $1,000,000, you…

From Question 7, After you have accumulated $1,000,000, you plan to deplete the $1,000,000 by taking out or withdrawing an equal amount in the next twenty years.  If the interest rate stays at 9%, what is your annual withdrawal in equal amount?  [Note: Do not type your answer in Canvas] [8 points]